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The Bilateral Strategy

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Chapter Summary

This chapter starts the analysis of the different ideas that have been proposed regard to internationalisation of competition law. Such ideas may be subsumed into the bilateral and the multilateral strategies. The chapter provides an overview of the historic background of the bilateral cooperation. It briefly describes the contribution of the Organisation for Economic Co-operation and Development (OECD) to bilateral cooperation. The chapter examines the US/European Community (EC) bilateral cooperation agreements and evaluates the achievements of this cooperation arrangement. It looks at the regional trade agreements that include competition rules. The chapter focuses on Europe Agreements entered into by the EC with the neighbouring countries. It also provides an assessment of the cooperation schemes contained by regional agreements, and weighs the advantages of bilateral cooperation agreements against their disadvantages. The chapter discusses the viability of bilateral strategy as regulatory approach for the assessment of anti-competitive effects of transnational merger.

Keywords: bilateral strategy; OECD; regional trade agreements; transnational merger; US/EC bilateral cooperation



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